Europap Tezol Correlations

TEZOL Stock

14.49 0.50 3.34%

The current 90-days correlation between Europap Tezol Kagit and Alkim Kagit Sanayi is 0.04 (i.e., Significant diversification). The correlation of Europap Tezol is a statistical measure of how it moves in relation to other instruments. This measure is expressed in what is known as the correlation coefficient, which ranges between -1 and +1. A correlation greater than 0.8 is generally described as strong, whereas a correlation less than 0.5 is generally considered weak.

Europap Tezol Correlation With Market

Significant diversification

The correlation between Europap Tezol Kagit and DJI is 0.03 (i.e., Significant diversification) for selected investment horizon. Overlapping area represents the amount of risk that can be diversified away by holding Europap Tezol Kagit and DJI in the same portfolio, assuming nothing else is changed.

The ability to find closely correlated positions to Europap Tezol could be a great tool in your tax-loss harvesting strategies, allowing investors a quick way to find a similar-enough asset to replace Europap Tezol when you sell it. If you don't do this, your portfolio allocation will be skewed against your target asset allocation. So, investors can't just sell and buy back Europap Tezol - that would be a violation of the tax code under the "wash sale" rule, and this is why you need to find a similar enough asset and use the proceeds from selling Europap Tezol Kagit to buy it.

Moving together with Europap Stock

0.66

ISBTR

Turkiye Is Bankasi

Pair Corr

Related Correlations Analysis

	ALKA	ALKIM	KENT	ADESE	LKMNH	PLTUR	GENTS	GARAN	FROTO	GWIND
ALKA		0.89	0.87	0.77	0.49	0.78	0.84	0.68	0.06	0.93	ALKA
ALKIM	0.89		0.77	0.72	0.54	0.77	0.88	0.54	0.12	0.89	ALKIM
KENT	0.87	0.77		0.62	0.45	0.64	0.68	0.63	-0.11	0.85	KENT
ADESE	0.77	0.72	0.62		0.66	0.9	0.84	0.83	0.0	0.8	ADESE
LKMNH	0.49	0.54	0.45	0.66		0.72	0.57	0.63	0.1	0.52	LKMNH
PLTUR	0.78	0.77	0.64	0.9	0.72		0.9	0.7	0.23	0.84	PLTUR
GENTS	0.84	0.88	0.68	0.84	0.57	0.9		0.61	0.25	0.89	GENTS
GARAN	0.68	0.54	0.63	0.83	0.63	0.7	0.61		-0.22	0.72	GARAN
FROTO	0.06	0.12	-0.11	0.0	0.1	0.23	0.25	-0.22		0.06	FROTO
GWIND	0.93	0.89	0.85	0.8	0.52	0.84	0.89	0.72	0.06		GWIND
	ALKA	ALKIM	KENT	ADESE	LKMNH	PLTUR	GENTS	GARAN	FROTO	GWIND

Click cells to compare fundamentals

Check Volatility

Backtest Portfolio

Please upgrade your account to get full access to Macroaxis premium features

Correlation Matchups

Over a given time period, the two securities move together when the Correlation Coefficient is positive. Conversely, the two assets move in opposite directions when the Correlation Coefficient is negative. Determining your positions' relationship to each other is valuable for analyzing and projecting your portfolio's future expected return and risk.

High positive correlations

GWIND	+ 0.93	ALKA
PLTUR	+ 0.9	ADESE
GENTS	+ 0.9	PLTUR
ALKIM	+ 0.89	ALKA
GWIND	+ 0.89	ALKIM
GWIND	+ 0.89	GENTS

High negative correlations

FROTO	- 0.22	GARAN
FROTO	- 0.11	KENT
FROTO	- 0.0	ADESE

Risk-Adjusted Indicators

There is a big difference between Europap Stock performing well and Europap Tezol Company doing well as a business compared to the competition. There are so many exceptions to the norm that investors cannot definitively determine what's good or bad unless they analyze Europap Tezol's multiple risk-adjusted performance indicators across the competitive landscape. These indicators are quantitative in nature and help investors forecast volatility and risk-adjusted expected returns across various positions.

	Mean Deviation	Jensen Alpha	Sortino Ratio	Treynor Ratio	Semi Deviation	Expected Shortfall	Potential Upside	Value @Risk	Maximum Drawdown
ALKA	1.86	0.31	0.12	(1.14)	2.05	(2.07)	6.12	(3.93)	12.54
ALKIM	1.51	0.05	0.02	(0.41)	1.74	(1.67)	3.18	(3.51)	10.91
KENT	2.73	0.22	0.07	(0.29)	2.53	(3.68)	9.75	(4.54)	15.93
ADESE	1.97	0.23	0.08	0.37	2.32	(2.23)	4.00	(3.96)	15.08
LKMNH	1.66	(0.04)	0.00	(0.12)	0.00	0.00	3.30	(3.85)	12.28
PLTUR	2.48	0.30	0.09	(0.92)	2.94	(2.79)	6.14	(5.93)	16.73
GENTS	1.56	0.28	0.11	(1.35)	1.98	(1.66)	3.27	(3.65)	10.09
GARAN	1.86	0.12	0.05	0.29	2.04	(2.12)	4.18	(3.11)	9.49
FROTO	1.55	0.05	0.02	0.14	1.82	(1.83)	3.48	(3.31)	11.45
GWIND	1.82	0.16	0.05	(1.08)	2.28	(1.79)	3.78	(3.41)	12.13

Be your own money manager

Our tools can tell you how much better you can do entering a position in Europap Tezol without increasing your portfolio risk or giving up the expected return. As an individual investor, you need to find a reliable way to track all your investment portfolios. However, your requirements will often be based on how much of the process you decide to do yourself. In addition to allowing all investors analytical transparency into all their portfolios, our tools can evaluate risk-adjusted returns of your individual positions relative to your overall portfolio.

Did you try this?

Run Portfolio Optimization Now

Portfolio Optimization

Compute new portfolio that will generate highest expected return given your specified tolerance for risk

All Next

Launch Module

Macroaxis helps investors of all levels and skills to maximize the upside of all their holdings and minimize the risk associated with market volatility, economic swings, and company-specific events. View terms and conditions

Feedback Blog

Made with optimal in San Francisco

2024 Macroaxis LLC